Yahoo Finance 4 Marijuana Stocks Looking To Have A Banner Month
CORAL GABLES, FL / ACCESSWIRE / January 17,2019 / Marijuana stocks have become one of the hottest topics in the news over the course of the past few years. In terms of the US cannabis market, several states have led by example, in terms of how positive legalization can be on a widespread scale. States such as California and Washington have also helped to create a domino effect throughout the industry that has led to more and more states working to put in new legislation. With the increase of capital and the sheer amount of business entering the market, the cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space. With the new year in full swing, Leafbuyer Technologies Inc (LBUY), Cronos Group Inc (CRON) (CRON), GW Pharmaceuticals plc (GWPH), and Charlotte's Web Holdings Inc (CWBHF) re 4 pot stocks that could make moves on Thursday.
Leafbuyer Technologies Inc (LBUY) is a company worth looking into given that the Company's online platform is the most comprehensive source for cannabis deals and specials, commonly referred to as the "Priceline of Pot," by several sources well-versed in the industry.
Leafbuyer Technologies Inc (LBUY) announced earlier this month that it launched Phase One of its multiple phase blockchain initiatives on December 20, 2018. This first phase integrates with the Company's loyalty platform, Leafbuyer Loyalty. The launch will eventually allow cannabis consumers to use blockchain technology to complete monetary transactions with dispensaries and product companies. According to the announcement, within Leafbuyer Loyalty, customers will be able to choose to create their own blockchain wallet, and once this is completed, they will be able to track all transaction history, as well as check loyalty point balances.
Leafbuyer Technologies Inc (LBUY)'s CEO said, "The sky is the limit with blockchain. The technology will help shape the cannabis industry and open doors to new revenue possibilities for Leafbuyer. We want to offer the highest level of transparency with customers, and blockchain will help us accomplish this goal."
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Cronos Group Inc (CRON) saw impressive gains in late-afternoon trading on Thursday, with company shares up 2.11%, trading at $13.70 per share. In early December 2018, the Company made major headlines when it announced that it had entered into a subscription agreement with Altria Group, Inc, pursuant to which Altria agreed to make an approximately C$2.4 billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company.
In a press release regarding the announcement, Mike Gorenstein, Chairman and Chief Executive of Cronos Group, said, "The proceeds from Altria's investment will enable us to more quickly expand our global infrastructure and distribution footprint, while also increasing investments in R&D and brands that resonate with our consumers. Importantly, Altria shares our vision of driving long-term value through innovation, and we look forward to continuing to differentiate in this area."
For More Information On Cronos Group Inc, Click Here
GW Pharmaceuticals plc (GWPH) announced, at the tail-end of last year, that the biopharmaceutical company would present a company update at the J.P. Morgan 2019 Healthcare Conference in San Francisco, CA on Tuesday, January 8, 2019. According to the press release regarding the announcement, Justin Goyer, GW's Chief Executive Officer would be the individual honored with making the Company's presentation.
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Charlotte's Web Holdings Inc (CWBHF) announced earlier this week that, in an effort to retain its position as a leader in whole-plant extract products with naturally occurring cannabidiol, its 2018 harvested hemp results were available. According to the report, the Company reported more than ten times growth in harvested hemp compared to its 2017 growing season.
In response to the Company's impressive harvest yields, Hess Moallem, President and CEO of Charlotte's Web, said, "Charlotte's Web is one of only a few hemp CBD producers capable of supplying large volumes of high-quality hemp extract from its own supply chain that can meet significantly increasing market demand. As the category and brand leader, our goal is to increase our market share and with this bountiful harvest we are able to satisfy our customer demands for 2019 and beyond."
For More Information On Charlotte's Web Holdings, Inc, Click Here
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Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Leafbuyer Technologies Inc., Midam is being paid $50,000 for a period of 30 days beginning November 1, 2018, and ending November 30, 2018. Midam has been paid an additional $50,000 and 40,000 common restricted shares of Leafbuyer Technologies, Inc. extending the contract another 30 days ending December 31, 2018. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to January 31, 2019. We own 77,000 shares of Leafbuyer Technologies. We may buy or sell additional shares of (LBUY) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Leafbuyer Technologies Inc. For previous compensation and disclaimer information, click here.
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